By Naveed Naqvi
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested Pakistan Petroleum Limited (PPL) Deputy Managing Director Abid Malik and is conducting raids to arrest several others including a former managing director of the state-owned company on charges of bilking the company for millions of dollars, Independent Pakistan can report.
By Staff Reporter
KARACHI Pakistan’s fragile coalition government is all set to cut fuel prices, a move likely to ensure, for now, much needed political popularity at the cost of vital economic reforms.
The expense concerns a failed bid to privatise the Heavy Electrical Complex (HEC), a unit of Pakistan’s State Engineering Corporation. By Aoun Hussain ISLAMABAD: The
By Staff Reporter
ISLAMABAD: At least five people died of rain related causes on Monday as Pakistan’s most populous city Karachi continued to struggle with some of the worst wet weather conditions – and as the Met warned the conditions might continue for at least 24 more hours.
By Staff Reporter
KARACHI South and southwestern Pakistan that have been drenched in rain for days, braced for more heavy downpours on Saturday as the death toll from flooding across the country rose to over 120 while thousands were left marooned or homeless in low-lying areas, officials said.
By Staff Reporter
ISLAMABAD: All levels of his government routinely underscore the need for “tough decisions to save the economy”, but Prime Minister Shehbaz Sharif seems to be dithering in the face of an imperative to raise energy prices.
Both TNFJ and TIP represent the influential Shia Muslim vote bank, a Godsend for Sharif’s Deobandi-Sunni party. By Naveed Naqvi ISLAMABAD: Prime Minister Shehbaz Sharif’s
Monitoring Desk
KARACHI: State Bank of Pakistan Acting Governor Murtaza Syed discussed monetary policy and the outlook for the economy. The central bank on Thursday raised borrowing costs more than expected to quell Asia’s second-fastest inflation and meet conditions for a loan from the International Monetary Fund. Syed speaks on “Bloomberg Markets: Asia.” (Courtesy: Bloomberg)
By Naveed Naqvi
ISLAMABAD: Federal Minister for Water Resources Syed Khursheed Shah is the latest of Pakistan Democratic Movement (PDM) politicians to react in strong terms to the alleged dishonorable behavior of former senior justice Javed Iqbal, but the coalition government is yet to signal in any way it intends to take legal action over the matter.
